Grand View Research has announced the addition of "Global Beef Market Analysis And Segment Forecasts To 2020" Market Research report to their Database
San Francisco, California, USA., June 17, 2014 - (PressReleasePoint) -Browse here for Request Sample:http://www.grandviewresearch.com/industry-analysis/beef-market-analysis/request
The global market for beef is expected to reach USD 2,151 billion by 2020, according to a new study by Grand View Research, Inc. Beef is the third largest consumed meat globally, with growing consumer preference towards meat as source of protein expected to drive demand for beef over the forecast period. In addition, growing disposable income in emerging markets has resulted in increased consumption of beef in comparison to pork and poultry. In addition, the market is expected to witness significant growth owing to food safety issues such as chemical residue and pathogen detection in other meat products.
Ground beef were the largest consumed product, with demand exceeding 29,500 kilo tons in 2013. Popularity of ground beef comes from its use in hamburgers and meat balls. Beef steaks are expected to be the fastest growing segment due to increased preference for high quality beef, particularly in North America. The segment is expected to witness growth at an estimated CAGR of 1.24% from 2014 to 2020.
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